Nigeria's Senate Passes 2013 Budget

The national assembly has approved billions more than the president proposed to spend for the next year.

  • Comment (1)
  • Nigeria:  NASS Passes N4.987 Trillion 2013 Budget

    Vanguard, 21 December 2012

    THE National Assembly, yesterday, suppressed agitation against executive non-implementation of the 2012 budget and passed the 2013 budget of the Federal Government, albeit with a ... read more »

Photo: Vanguard

Budget 2013.

InFocus



Comments Post a comment

  • Citizen Anger overboiling .
    Dec 24 2012, 12:24

    This is just another breach of the rule of moral duty with intent to bring in another set of new billionaires to the boys and girls in the looting rampage. What can you expect in a nation where every one is lucked up in the church while leaders are feeding frenzy into the people's blood . Who'll pay for these relentless and unholly Borrowings ? This incompetent regime ought to take example from current economic debate in the U.S government to learn how not to get the nation into deeper debts so the future of our developement objectives can be archieved. The nation is owed more than the sum being borrowed out side, what effort, I mean real and not illusionary effort is being made to bring culprits into accountability ? Ofcourse there are effective mechanism to make these overnight billionaires regogitate the loots if there have been honest resolve to do so.The total borrowing is beyond what is shown to the Nigerian tax payers if you sum up what we owe by adding what was not used to complete the 2012 budget expense where we've learnt that just meagre 15 % of the whooping billions allocated for infrastructural expense was actually expended.Go tell them this in China or any other emerging economy on the planet and see what you'll get, whole sale death panalty to at least two third of such worthless regime ! What are we paying the huge government and do nothing political leaders for if we have to be this indepted by mortgaging the nation's future to every country and religious organization that have less than what our God given oil wells produce every day ? . He who goes aborrowing , goes asorrowing they say. Jonathan and his team have become enstranged at prudent economic management the more he become aware of the leadership future that await them at the next national polls and therefore taken to filling the endless looting apetite of his political patners at the nations expense by getting us deeper into unpredictable dark future with relentless borrowings to run the nation in the same way with the same individuals . Obama's resolve to rain in on America's escallating debts dont seem to worth his attention or to emulate as long as he can hang on thin rope before the excit of his incompetent admistration which is too obvious unless we're bunch of demented citizens . I dont know of any reasonable people on the planet that can stand this regime anywhere with clueless and insensitive idea of what has been dogging his own nation and the citizens . We have a whooping growth in new billionaires and Private jetin the nation , yet we have some of the most devastated population and infrastructural decay along with expensive government than any other nation on per capita on the planet. What is the duty of the economic guru's dumped in the world's most expensive hotels in the past donkey years at the nation's exepense with unproductive advice to their employer, or politicians? We also operate the worst economic strategy eqivalent to the stoic historical social and political arrangement . How can we operate ecomomy of free market on one hand , while we put one man in charge of importation and distributrion of essential commodity to our population of 170 million citizens ? Never heard of in modern economy. These are the reasons for endless corruption and growth of billionaires with no added tricle down effect in the national economic cycle, it seem to me to be also the justfication for endless disrespect for authority in the government.